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    Audit: World Trade Center rebuilding balloons $4B

    NEW YORK (AP) — An auditing firm says the cost of rebuilding the World Trade Center has ballooned by nearly $4 billion over the last four years.

    The Port Authority of New York and New Jersey owns the lower Manhattan site. It has lost millions of dollars in revenue because of lower traffic at its ports, airports and river crossings.

    Navigant Consulting said Tuesday the Port Authority is a dysfunctional organization that has let the World Trade Center rebuilding project's costs get out of control — from $11 billion in 2008 to $14.8 billion now.

    New York Gov. Andrew Cuomo (KWOH'-moh) and New Jersey Gov. Chris Christie ordered the review after the agency's board voted to raise bridge and tunnel tolls in August.

    The Port Authority's new director says the agency is taking the auditing firm's recommendations seriously.

     
    • Speedfreak  •  Shelton, Connecticut  •  3 mths ago
      When government gets involved in projects that are better left to the private sector, should we expect anything less than massive cost overruns? Typical liberal N.Y. waste. Got to love those competitively priced union jobs, right?

      Democrats love giving their politicians more money to spend irresponsibly, just ask that imbecile Warren Buffet. What is it that does not compute for you people. Help me understand.
      • dak74nvegas 3 mths ago
        You sir, if you can even be called that are a jack@ss.
      • buford t 3 mths ago
        should we think anything less than to expect private business to rip off th govt?
      • New Dark World 3 mths ago
        Sounds like you Hate money....
    • Fencer  •  Budapest, Hungary  •  3 mths ago
      Larry Silverstein, the one who owned the lease to the WTC, got billions in insurance claims...why isn't he using that money to pay for this building?
      • Don'tEvenGoThere 3 mths ago
        How would you feel about government telling you how to spend your insurance check from a totalled car or destroyed house?
      • Asylum 3 mths ago
        He got 4.2 billion from the insurance claims and he did use it for rebuilding.
      • Bright Bart's Ghost 3 mths ago
        If you'll research, Asylum, I think he got a little more than that. But yes, some (much?) of it did go toward the re-build.
    • marcellus  •  West Point, Georgia  •  3 mths ago
      it's gone up $3.8BILLION! in less than 4 years. "B" as in "Boy, is it getting hard to find places to hide this much money."
      • henry 3 mths ago
        thats only35 percent hasn't your pay gone up that much in 4 years
    • Joe  •  3 mths ago
      They need to open the books on this travesty.
    • Mark  •  Tampa, Florida  •  3 mths ago
      A park with a simple memorial would have been better.
      • BOING 3 mths ago
        alot of people are sick of memorials, you cant spit without hitting one. if we would just rebuild things like this, it would be like really ? is that the best you got ?? but no, we have become a nation with our tail between our legs,and a boo hoo story.
      • Sizzling 3 mths ago
        they have one and its open the towers are being built in a section of the site were the smaller buildings once were besides they had to build something there the skyline looks weird without it
    • Jack Burton  •  Beverly Hills, California  •  3 mths ago
      14.8 Billion? #$%$ You can build a whole city for that much...
      • peppy 3 mths ago
        All 47,000 miles of the nation's entire interstate highway system only costed only $400 billion. 1,740 miles of highway could be built at $14.8 billion, IF we had the same American greatness and work ethics of the Greatest Generation way back before the hippie days...
      • Lemuria 3 mths ago
        The Insiders are still making money of the sheep!
    • Jl  •  3 mths ago
      This has to stop. you can bet someone is corrupt and getting rich on this national tragedy. whomever is at fault needs to go to prison. no building on earth can cost this much.
    • Free Fire Wire  •  3 mths ago
      The Mob is very happy.Thank you New York!!!
    • pj  •  3 mths ago
      Profiteering from a national tragedy. Someone should go to jail over this...
    • hmmmm  •  3 mths ago
      how the f*** does a BUILDING go 4 billion out of budget? It's a building for heaven's sake. no wonder why the country's 15 trillion in debt. 20k for a hammer, 30k for a toilet seat.
    • eddie  •  3 mths ago
      Or let the people of Dubai build it....they are much faster.....and smarter!
    • Adam  •  Los Angeles, California  •  3 mths ago
      god bless the unions , over budget, over rated, under skilled and over paid. Good Luck
    • Doc  •  Euless, Texas  •  3 mths ago
      Just another scrapper they can't sell rental space in. The old WTC lost millions each year, the new one won't be any different.
    • r  •  Bakersfield, California  •  3 mths ago
      Good old Union labor and corrupt politicians at their finest!
    • flash  •  Atlanta, Georgia  •  3 mths ago
      MOBSTERS AND UNIONS
    • John  •  3 mths ago
      Take the money from Saudi Arabia, since it was their people that trashed it.
    • wfecpa  •  Lake Success, New York  •  3 mths ago
      So long $12 George Washington Bridge & Lincoln Tunnel toll.

      Hello $20- 25 toll.

      I can't wait until these clowns start the work on the Tappan Zee Bridge.

      "Never in the history of humanity has so much been paid to so few to accomplish so little."

      This should be in large bold print across the entrance to the Port Authority Headquarters, if it is not their motto it should be.
    • Jacob  •  Mt Prospect, Illinois  •  3 mths ago
      How does this cost $15 Billion... Where is the money going?
      The Burj Khalifa (the tallest building in the world) cost only $1.5 billion. Thats 1/10th!!
    • Bruce Ramsey  •  3 mths ago
      When it's completed, Saudi Arabia will probably get Oblahblah to sell it to them for cheap so it can be turned into an Islamic Center with loud speakers blasting out, "Allahueggbert" all over Manhatton.
    • David  •  Lubbock, Texas  •  3 mths ago
      That is why companies are leaving the US. America cant build anything without corruption and cost overruns. Americans can build a hamburger but not a big building or a nuclear power plant.
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